Nifty, Sensex Rally; Broader Market Weak
Moneylife Digital Team 24 June 2026
On Wednesday, 2,015 stocks advanced, 1,950 declined and 229 remained unchanged on Bombay Stock Exchange with advance decline ratio of indicating 1.03 a positive closing. The trend of the major indices on Wednesday’s trading is given in the table below.  
 
 
On NSE, 96 securities advanced and closed at a new 52-week high whereas 31 securities sank to close at their new 52-week lows. Nifty Auto, Nifty FMCG and Nifty Pharma were among the biggest losers. Nifty India Defence, Nifty PSU Bank and Nifty Metal were the only losers. 
 
Bajaj Auto Limited (-2.74%) reported a ransomware attack on 23 June  2026, impacting its systems and those of its subsidiary, Bajaj Auto Technology. The company’s technical team promptly mitigated the issue, and the incident was reported to CERT-In as per IT Act compliance.
 
Godawari Power(-2.02%) and Ispat started commercial operations of a 6.91 MW Waste Heat Recovery Power Plant in Raipur on June 23, 2026, using waste heat from its pellet and ferro alloys plants. This initiative supports the company’s energy efficiency and sustainability goals.
 
Honasa Consumer (-0.94%) acquired a 58% majority stake in Fluence Pharma, entering the nutraceuticals market valued at over ₹16,000 crore. This move aligns with Honasa’s strategy to offer science-backed beauty solutions combining topical and nutritional products.
 
Zydus Wellness (-0.88%) incorporated a wholly owned subsidiary, Zydus Wellness (EU) Limited, in Ireland on June 23, 2026. The entity will operate in the Vitamins, Minerals, and Supplements sector, supporting Zydus Wellness’s international business expansion.
 
Adani Group announced a ₹2 lakh crore investment plan to expand Adani Power’s (-0.70%) generation capacity to 45 GW over five years, addressing India's growing energy demand. Adani Energy Solutions’ transmission order book also rose to ₹72,000 crore, highlighting infrastructure growth.
 
Shilpa Medicare (-1.95%) commissioned a GMP-certified Antibody–Drug Conjugate manufacturing facility in Dharwad, India, enhancing its capabilities in HPAPI and integrated ADC drug substance production for global pharma partners.
 
Biocon’s (-0.60%) partner Duopharma Biotech Berhad secured insulin supply contracts worth over MYR 225 million from Malaysia’s Ministry of Health, covering multiple insulin types to improve diabetes care under Malaysia’s health plans.
 
JK Cement (-0.10%) was declared the preferred bidder for the Gilund Limestone Block in Rajasthan, covering 370.96 hectares, following a government e-auction, as per SEBI disclosure regulations.
 
Bharti Airtel (-1.28%) completed acquiring approximately 16.3% stake in Airtel Africa from promoter ICIL, raising its total holding to about 79%. The transaction involved allotting 14.67 crore shares at ₹1,923 each to fund a ₹28,220 crore share swap.
 
Ircon International (-0.58%), through a 26:74 joint venture with Badri Rai & Company, secured a ₹763.10 crore contract from Tripura State Electricity Corporation for the Agartala Smart Grid Project. The project includes advanced power infrastructure upgrades to be completed within 24 months.
 
Raymond (+2.26%) is nearing an acquisition in aerospace, reportedly in talks to buy German engineering firm Deharde. The company allocated ₹248 crore from its recent ₹330 crore preferential issue for acquisitions, targeting sectors like aerospace and space technology.
 
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
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